PRICE SLASHED TO SELL ASAP! Subway Robina! Remodelled, Very Low Rent! Very Long Lease!

Asking Price $175,000
Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The Subway franchise is located in a strong regional shopping centre with major road access. Imminent growth potential!

Business features include:

Lease - Expires July 2025 + 3 x 5 year options

Business size - 72m2 + Alfresco

Rent excluding G.S.T. - $3,240 per month

Rent increases  Fixed at 2.5% per annum (excellent)

Outgoings excluding G.S.T. - Nil

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-out - extensively remodelled in 2020 and should be okay until 2030

Turnover (Approx.) FY23 $674,000

Trading hours  Daily 7.00am  9.00pm

Staffing  Mixture of 12 part-timers and casuals (varies)

Owners hour - Nil (Multistore owner - Currently run under full management)

Reason for selling - Rationalizing

Was priced at $215,000 + SAV! Now $175,000 + SAV to a NO NONSENCE BUYER!

Bank Finance of up to 60% against the business may be possible to approved applicants

Return to an owner operator is in the vicinity of $135,000 EBITDA

For more information, please contact:

Reg Butler

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